Bernstein Liebhard LLP Investigates M & F Worldwide Corp.
June 13, 2011
Bernstein Liebhard LLP is investigating whether the Board of Directors of M & F Worldwide Corp. (“MFW” or the “Company”) (NYSE: MFW) is breaching its fiduciary duty to its shareholders in connection with an offer by MacAndrews & Forbes Holdings Inc. (“M&F”), to take the Company private.
Under the terms of the offer, MFW shareholders will receive $24.00 in cash for each share of common stock they own. M&F currently owns approximately 43% of the Company’s common stock. The investigation is focused on whether M&F’s offer undervalues the Company’s shares.
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last eight years.